Mixed use · Norwalk, Connecticut
iPark Norwalk
Public CMBS trusts hold $95.0M of the loan on iPark Norwalk at 6.589% that reaches maturity on June 6, 2029, in 2 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $95,000,000
- Original balance (same notes)
- $95,000,000
- Interest rate
- 6.589% fixed
- Originated
- June 6, 2024
- Maturity
- June 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2029
- Master servicer
- Wells Fargo
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 761 Main Avenue, Norwalk, CT 6851
- Rentable area
- 372,175 sq ft
- Built
- 1953, renovated 2007
- Largest tenants
- Norwalk Hospital; LA Fitness; CSG - Office
- Value at securitization
- $167.9M (Feb 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.63x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $10.3M | n/a |
Watch flags
Computed from the BANK5 2024-5YR8 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $95.0M | Late payment but less than 30 days delinquent | No | 1.66x | 92% |
| August 2026 | $95.0M | Late payment but less than 30 days delinquent | No | 1.66x | 92% |
| July 2026 | $95.0M | 30-59 days delinquent | No | 1.66x | 92% |
| June 2026 | $95.0M | Late payment but less than 30 days delinquent | No | 1.66x | 92% |
| May 2026 | $95.0M | Late payment but less than 30 days delinquent | No | 1.66x | 92% |
| April 2026 | $95.0M | Late payment but less than 30 days delinquent | No | 1.66x | 92% |
| March 2026 | $95.0M | Late payment but less than 30 days delinquent | No | 1.67x | 100% |
| February 2026 | $95.0M | Current | No | 1.67x | 100% |
| January 2026 | $95.0M | Late payment but less than 30 days delinquent | No | 1.67x | 100% |
| December 2025 | $95.0M | Current | No | 1.67x | 100% |
| November 2025 | $95.0M | Current | No | 1.67x | 100% |
| October 2025 | $95.0M | Current | No | 1.67x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2024-5YR8 | 5 | $40,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2024-5C5 Mortgage Trust | 8 | $40,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK5 2024-5YR8 | 5A | $10,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK5 2024-5YR8 | 5B | $5,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Connecticut loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Financial Plaza | Hartford, CT | Office | $45.8M | 4.39% | Jun 2029 | 0.71x | 63% | Current |
| Marriott Hartford Windsor Airport | Windsor, CT | Hotel | $27.0M | 7.26% | Jul 2029 | 2.71x | 57% | Current |
| 1732 Derby Milford Road | Derby, CT | Self storage | $22.1M | 6.54% | Sep 2029 | n/a | n/a | Current |
| 2&4 Armstrong Road | Shelton, CT | Office | $14.6M | 4.90% | Feb 2029 | 1.44x | 71% | Current |
| Stop and Shop Manchester | Manchester, CT | Retail | $10.5M | 5.28% | Jan 2029 | n/a | n/a | Current |
| 249 Legion Avenue | New Haven, CT | Retail | $10.2M | 4.78% | Jan 2029 | -0.14x | 41% | With the special servicer and 90+ days delinquent |
| Elm Street Plaza | Rocky Hill, CT | Retail | $9.5M | 7.14% | Mar 2029 | 2.07x | 100% | Current |
| Concord Hills | Hartford, CT | Multifamily | $9.4M | 7.86% | Jun 2029 | 1.08x | 86% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.